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Becoming an entrepreneur means following your own path and being completely in control over your work life. The freedom to make your own choices is at times intimidating but always exhilarating, and for many entrepreneurs it’s what drives them to pursue new ideas and projects. Most people entertain the idea of making it on their own, but few have the guts to turn their dreams into reality. If you are a determined and fearless type of person who dreams big …
Crowdfunding, which is also known as crowd financing or crowdsourcing, is a new finance-sourcing mechanism in which members of a network (usually an Internet network) pool their money to finance social or commercial ventures initiated by other people or companies. These ventures can be anything from making a movie to helping disaster victims to creating open source software to online journalism to start-up funding to making music.
Crowdsourcing finance has been made possible because of the social structure of the …
When you hear about crowdsourcing or crowdfunding, you automatically think of raising starting capital to finance the business. But do you realize that this method of community interaction has other applications as well? Like helping manage an existing business or getting consumer input on new products or ideas for new products? Read on, my friend, read on!
Yes, it is true that gathering finance partners or investors is an important aspect of a new startup. Everything costs money in a …
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